Post by
Rocket101 on Apr 13, 2022 8:56am
IEA Just Reduced Oil Demand for 2022
Imho it will wane further as economies rollover. 2-3 yrs ago most energy were a table pounding look. Do I see now? Just go look at the charts of shopify, Facebook etc etc. If we were to get a clear picture from policy makers on the future of oil then I would say yes the sector has more sling shot moves. But in my opinion those have already realized these massive moves and now are in holding patterns to see what the macro economic holds for future demand REGARDLESS of Russia supplies. I also see the iMF revising GDP from 4.1 down to 2.8
happy trading good oil insight hope the thrashers come out in full force. Lol
jmho as always
Comment by
Dogsbreakfast4U on Apr 13, 2022 9:07am
If the IEA said that, this means it's time to buy oil stocks. This organization has zero credibility.
Comment by
Anschutz on Apr 13, 2022 9:38am
Agree. Over the last 10 years the IEA has proven itself to be one of the most unreliable predictors of where oil and economies are headed.
Comment by
TheWokeLemming on Apr 13, 2022 9:13am
The IEA has become a joke, constantly being wrong in their forecasts. Seriously Rocketman, referencing them just makes you look silly.